$350,000
Allegan, MI 49010
MLS# 26029817
1 baths | 6941 sqft
1 / 38
Property Description
Rare investment opportunity in historic downtown Allegan! Built in 1885, this iconic 2-story brick building boasts over 6,941 sq ft of versatile space and sits directly across from Mahan City Park with beautiful views of the Kalamazoo River. The main level houses the legendary 'Sherwoods Cove' bar--a downtown landmark for decades--plus an occupied 1-bedroom apartment featuring a reliable, long-term tenant. The expansive second story is a blank canvas offering incredible income potential to create multiple upper-level apartments. Capitalize on city support, as Allegan municipal offices will assist the new owner with grant applications to help fund the upstairs residential construction. The valuable liquor license is also available for separate purchase. The building is a launchpad for your hospitality, retail, service vision. Bring your business ideas and become a cornerstone of Allegan's vibrant, growing downtown community!
Details
Location & Property Info
Cross Streets: Locust & State
Property Sub-Type: Retail
Municipality: Allegan City
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 50.43
Prop Avail for Lease?: No
Current Bldg Use: Bar, residential rental
General Property Info
New Construction: No
Lot Dimensions: irregular
Road Frontage: 60
Waterfront: No
Total # Units: 3
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
# Fin Bldg Lvls: 3470
Total SqFt: 6941
School District: Allegan
Lot Measurement: Acres
Lot Acres: 0.14
Lot Square Footage: 6098
Year Built: 1885
Full Baths: 3
Total Baths: 1
Tax Info
Taxable Value: 49421
SEV: 114200
For Tax Year: 2026
Seller's Annual Property Tax: 3013
Tax Year: 2025
Homestead %: 0
Spec Assessment & Type: N/K
Zoning: C1 CBD
Tax ID #: 03-51-205-027-00
Remarks & Misc
Public Remarks: Rare investment opportunity in historic downtown Allegan! Built in 1885, this iconic 2-story brick building boasts over 6,941 sq ft of versatile space and sits directly across from Mahan City Park with beautiful views of the Kalamazoo River. The main level houses the legendary 'Sherwoods Cove' bar--a downtown landmark for decades--plus an occupied 1-bedroom apartment featuring a reliable, long-term tenant. The expansive second story is a blank canvas offering incredible income potential to create multiple upper-level apartments. Capitalize on city support, as Allegan municipal offices will assist the new owner with grant applications to help fund the upstairs residential construction. The valuable liquor license is also available for separate purchase. The building is a launchpad for your hospitality, retail, service vision. Bring your business ideas and become a cornerstone of Allegan's vibrant, growing downtown community!
Legal: see attached
Street Type
Paved: 1
Public: 1
Property Use
Business: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Bar/Tavern/Lounge: 1
Professional Service: 1
Professional/Office: 1
Restaurant: 1
Retail: 1
Construction Type
Block: 1
Frame/Wood: 1
Exterior Material
Brick: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Ownership
Trust: 1
Below Grade
Basement: 1
Full: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Business Includes
Equipment: 1
Furniture: 1
Real Estate: 1
Util Avail at St
Storm Sewer: 1
Driveway
Paved: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Location Property Info
County: Allegan
Street #: 132
Street Name: Brady
Suffix: Street
State: MI
Zip Code: 49010
Zip (4): 1313
OfficeContract Info
Status: Active
Current Price: $350,000
List Price: $350,000
Listing Date: 2026-06-16
Remarks Misc
Directions: From the south, M-89 into Allegan east on to Hubbard Street, south onto Brady
Property Features
Property Use: Business
Uses: Bar/Tavern/Lounge; Professional Service; Professional/Office; Restaurant; Retail
Ownership: Trust
Business Includes: Equipment; Furniture; Real Estate
Construction Type: Block; Frame/Wood
Exterior Material: Brick
Below Grade: Basement; Full
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected
Util Avail at St: Storm Sewer
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Paved
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional
Sale Conditions: None
Listing Office: Berkshire Hathaway HomeServices MI
Listing Agent: Cheri S Schulz
Last Updated: June - 17 - 2026
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